Bonefish Capital Ltd - Accounts to registrar (filleted) - small 18.2
Bonefish Capital Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2019 |
FOR |
BONEFISH CAPITAL LTD |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2019 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
BALANCE SHEET |
31 MAY 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
BALANCE SHEET - continued |
31 MAY 2019 |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on behalf by: |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2019 |
1. | Statutory information |
Bonefish Capital Limited is a private company, limited by shares, registered in England and Wales. The company's |
registered number is 08513050. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business |
address is Culeaze House, Bere Regis, Wareham, Dorset, BH20 7NR. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable. Rental income is recognised on a straight line basis over the term of the lease. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value |
is recognised in profit or loss. |
Gains are recognised in the statement of comprehensive income. Deferred taxation is provided on these gains at the rate |
expected to apply when the property is sold. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. |
The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions |
provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
3. | Employees and directors |
The average number of employees during the year was |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2019 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 June 2018 |
and 31 May 2019 |
Net book value |
At 31 May 2019 |
At 31 May 2018 |
5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Directors' current accounts | 996,454 | 985,346 |
Accrued expenses |
7. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Bank loans - 1-5 years |
8. | Secured debts |
The following secured debts are included within creditors: |
2019 | 2018 |
£ | £ |
Bank loans |
The bank loan is secured by way of a fixed and floating charge in favour of The Royal Bank of Scotland, over the company |
assets and legal charges over the freehold of St Thomas Vicarage, 21 Bolton Road, Salford. |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
BONEFISH CAPITAL LTD (REGISTERED NUMBER: 08513050) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2019 |
10. | Contingent assets |
The company has commenced legal action against the former managing agents of the property owned by the company in |
relation to the recovery of rents not received. |
The outcome of this action cannot be ascertained as certain at this time but would equal £70,269 if recovered. |
11. | Ultimate controlling party |
The company is controlled by its directors who between them own 100% of the voting share capital in the ultimate parent |
company, Bonefish Capital Holdings Limited. |